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Decoupling Visible In Crypto Market As reported by a Defi Researcher on Twitter, there is a decoupling between DeFi and NFTs highlighting the divergent trends within the crypto market. Over past 07 days, DeFi Tokens are on the Rise advertisement Ethereum -based lending protocol Compound (COMP) has surged by 80% and Pendle ($PENDLE) has seen a remarkable increase of 66%, especially after Binance announcement of its listing in Innovation Zone and Launchpool. Decentralized stablecoin minter Maker ($MKR) has enjoyed a solid rise of 32% while DPI, the DeFi Pulse Index, has shown a growth of 12.6%. MKR’s weekly gains of over 30% have occurred amid increased revenue on the protocol and reports of whale accumulation. At the same time, NFT tokens are facing decline. Beanz has witnessed a significant drop of 69% and Azuki has seen a decline of 58%. Moonbirds has experienced a dip of 24% and Bored Ape Yacht Club (BAYC) has faced a decrease of 23%. Also Rea...

NFT Whale Stands With Binance According to Etherscan, numerous NFT belonging to BAYC and MAYC have been moved to crypto exchange Binance by Machi Big Brother. With a combined value of nearly 2,900 ETH, Machi Big Brother’s action further ignited discussions around the ongoing battle between regulatory authorities and the crypto industry. advertisement Machi Big Brother, also known as Jeffrey Huang, gained recognition in the NFT space as one of the largest holders of BAYC NFTs . Though he has been associated with several failed token projects and NFT ventures. The decision by NFT Mogul to transfer their valuable BAYC and MAYC NFTs to Binance comes at a time when the exchange is facing legal challenges from the SEC. Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read ...

Over the past 30 days, NFT sales volume on prominent blockchain s like Ethereum, BNB Chain, and Flow has declined by 14%-41%. However, on other chains like Solana , Polygon , Cardano , and Arbitrum, the numbers have risen in the 11% to 64% bracket. That said, it should be noted that the rise in sales has not corresponded with a rise in the number of buyers and transactions in all cases. Thus, it can be said that even the NFT market is moving in tandem with the crypto market, as indecisiveness continues to prevail. Source: CryptoSlam Moreover, the bigger picture seems to be even bleaker. A recent tweet from the Director of Research at “PROOF” brought to light that the banking crisis likely instigated a “structural shift” within the NFT arena. In fact, according to Sam, aka NFTStatistics, “Since the SVB saga, unique NFT buyers per day have been about 25% lower than they were before. Feels a bit like a structural shift happened then.” Reasoning out why, the research execu...

OpenAI officially released the  ChatGPT  API a day ago to allow developers to integrate the technology into their applications. According to the official announcement, the interface grants developed access to cutting-edge language and speech-to-text capabilities. Source: Twitter Also Read: OpenAI Releases ChatGPT API As far as pricing is concerned, the new ChatGPT API will cost $0.002 per 1000 tokens. That, according to the company, is 10x cheaper than its existing GPT-3.5 models. According to the pricing page, tokens can be equated to “pieces of words,” where 1,000 tokens are about 750 words.” Whisper API ’s price is, however, different. Whisper is basically a speech-to-text model and is priced at $0.006 per minute.  ChatGPT API’s $0.002 per 1000 tokens translates to merely “$2 per million tokens.” OpenAI CEO Sam Altman re-emphasized that on Twitter on Thursday, Mar. 2. Well, it was just not it. In a...

Despite the odds, VeChain continued to grow in a positive direction in 2022. At the beginning of Q4, it announced expansion plans for its team in Europe. The VeChain Foundation revealed that the company was to hire 100 new developers to work in Europe, “pushing out new tools, technologies, developer libraries, and so on.” VeChain has parallelly been expanding its footprint and real-life use cases over the past few months. Recently, the foundation announced that the world’s most valuable NFT with a real-world application was minted on the VeChainThor blockchain. Now, its leading NFT marketplace, VeSea , has scripted another record. The platform surpassed 100 million in total trading volumes recently. The number currently stands at 101 million VET . Parallelly, the number of NFTs minted on VeSea has crossed 134k and the marketplace boasts over 252.6k items at press time. VeSea’s official tweet announcing the volume milestone asserted, “2023 is going to be a banger....